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Oct 14, 2013
10/13
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out, debt ceiling does not equal default, does not equal recession. and every elected official in congress, republican, democrat, president, i don't care who ty are, that makes such spree anxious nonsense deserves to be -- >> yet you. >> i have enough trouble with television. i can't take responsibility for -- >> i understand. but this -- we've had a breakthrough because two years ago there was only a couple of us as members who would get in front of a camera ke this and walk america through the math. >> don't -- don't walk america through anythg. do the job of making a message comp hencable d connect with the people. i'm so -- by the way, you gs don't have the iellectual fire power to talk down to the american people. inspire us, lead us, and cut the nonsen. >> first, stop for one second. >> i have to sto for one minute. i give you the last -- don't talk over me. you and i are talking straight. i'm going to give you the last word and i wld like you to be -- mistake that message cogent >> look, you, and i and a number -- >> i'm sorry, i'm not going to
out, debt ceiling does not equal default, does not equal recession. and every elected official in congress, republican, democrat, president, i don't care who ty are, that makes such spree anxious nonsense deserves to be -- >> yet you. >> i have enough trouble with television. i can't take responsibility for -- >> i understand. but this -- we've had a breakthrough because two years ago there was only a couple of us as members who would get in front of a camera ke this and walk...
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. >> the debt ceiling, historically, has been above the best leverage that congress has to rant in the exec tefs. >>> >> my point is there's great historical precedence. congress has attached very specific and stringent requirements. >> let's talk further about all of this. amy is a conservative analyst and blogger. >> so if you listen to john boehner this week to default, amy, why is this ak septemberble to anyone? >> actually, speaker boehner has said repeatedly that he would not allow default on the nation's debt. >> but when i'm listening to all of this back and forth, it is clear to me, to the american people and to the forty that this is hirting the president, a kwelt. >> the american people want these two groups to work together. forget the parties and the president and how it looks to them. people are counting on their government in so many different waszs. so it really is an embarrassment to everyone. >> not just here in the united states, but globally as well. it's interesting how cruz is hell bent on hurting the american economy. that's exactly what will happen. i hope speak
. >> the debt ceiling, historically, has been above the best leverage that congress has to rant in the exec tefs. >>> >> my point is there's great historical precedence. congress has attached very specific and stringent requirements. >> let's talk further about all of this. amy is a conservative analyst and blogger. >> so if you listen to john boehner this week to default, amy, why is this ak septemberble to anyone? >> actually, speaker boehner has said...
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Oct 8, 2013
10/13
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ALJAZAM
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what will happen if we go over that debt ceiling. it's sendtial for an economic crisis. they say it's not that big a deal and the 64% of key party voters say it's not that big a deal. what happensing here is the message is not reaching people. >> i think -- it's dynamic and where we are because tea party will represent the tea party and the hardest oh of the hard core which is now republican-based. any speaker of the house does not turn his or her back on the basis of party and that goes for both sides as well. it's supposed to be motivating elected. vote there in the house of representative sendives to pass a attached continuation of spending. he's probably right. but it's got a done deal. the republicans were on the sense or uncomfortable with this are not going to decide the leadership. speaker boehner remains in a tough spot. he cannot decide his fate. he said that wob horrible. >> and still with any concessions -- they will not circumstances. >> and life goes on. here. >> and we'll get more of our interview with bernie sanders this week op talk to al jazeer. >>> ahe
what will happen if we go over that debt ceiling. it's sendtial for an economic crisis. they say it's not that big a deal and the 64% of key party voters say it's not that big a deal. what happensing here is the message is not reaching people. >> i think -- it's dynamic and where we are because tea party will represent the tea party and the hardest oh of the hard core which is now republican-based. any speaker of the house does not turn his or her back on the basis of party and that goes...
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Oct 16, 2013
10/13
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we are inching closer to the debt ceiling deadline and house republicans still don't want to play ball so it's now back in the senate's court. yep, it was a mixed metaphor but you get the point. we'll break it down. >>> we well established it's never too early to talk about 2016 and appears that hillary clinton might be trying to separate herself from joe biden apparently taking some thinly veiled shots at him. we'll tell you what issue she seems to be referencing quite a bit. >>> amy poehler and tina fey living to host one more day as we begin this wednesday edition of hueway. here on "way too early." >>> good morning, everybody. brian shactman, october the 16th. a little later in sports we will talk about the u.s. soccer team at the same time saving the world cup chances of another country while destroying the hopes of another. an important day today in politics and for this country as i just mentioned, we begin with the waning hopes of a deal in washington as political posturing put the united states on the brink of default. the nation is facing a po downgrade of its credit rating b
we are inching closer to the debt ceiling deadline and house republicans still don't want to play ball so it's now back in the senate's court. yep, it was a mixed metaphor but you get the point. we'll break it down. >>> we well established it's never too early to talk about 2016 and appears that hillary clinton might be trying to separate herself from joe biden apparently taking some thinly veiled shots at him. we'll tell you what issue she seems to be referencing quite a bit....
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Jan 23, 2013
01/13
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CURRENT
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there's no point where we've had a vote to lower the debt ceiling because that's ridiculous. you don't have to. it contracts naturally with expenditures. >> you pay the bill. the debt goes down. >> hal: the way it may be handled, as a matter of fact, at one point when our deficit has actually contracted which it has continued to do, as a matter of fact, there was a report done if it contracted faster, it would cause inflation. >> really? >> hal: yeah. so if you look at the arc of it it is going down at a faster rate than it's ever done after a situation like this. i think when we hit a major contraction point which would be below the debt ceiling which happens often, the president should come out and say the cost of government is actually below the cost of government six months ago. >> that would be nice. >> hal: it happens all the time but it never gets press. it only gets press when we boost these times. more of the "the stephanie miller show" with jacki and jim and chris and i doing our best to fill that void. she'll be back tomorrow. don't worry. 1-800-steph-12 is our num
there's no point where we've had a vote to lower the debt ceiling because that's ridiculous. you don't have to. it contracts naturally with expenditures. >> you pay the bill. the debt goes down. >> hal: the way it may be handled, as a matter of fact, at one point when our deficit has actually contracted which it has continued to do, as a matter of fact, there was a report done if it contracted faster, it would cause inflation. >> really? >> hal: yeah. so if you look at...
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Jan 24, 2013
01/13
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FOXNEWSW
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. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our futu
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with...
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Sep 22, 2013
09/13
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FBC
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boring point, but up here it matters whether you want to fight over the debt ceiling or the c.r. to the speakerer's credit, when people went to him and persuaded him, we would rather fight now than later, he agreed. i think that's what you look for. >> the speaker did that. i wanted to fight over the c.r., but i give him credit for -- >> is there a flexility that's a high mark of intelligence and leadership. at the same time it is interesting that the caucus itself seems to be really behind and the cr fight as you put it, and the defundingf obama care. now how realistic is it as a strategy -- a political strategy? is it possible to actually accomplish e stated goal of defunding obama care? >> i think so. it's certainly the discretionary spending. part of the spending is mandatory, lou, as you know, but ian tell you having justcome ba from south carolina in a month-long recessmy folks are ready for me to identify something worth fighting over. whether it's benghazi, the irs, the nsa or the so-called affordable care act, it's time to say we believe in this enough to fight for it, a
boring point, but up here it matters whether you want to fight over the debt ceiling or the c.r. to the speakerer's credit, when people went to him and persuaded him, we would rather fight now than later, he agreed. i think that's what you look for. >> the speaker did that. i wanted to fight over the c.r., but i give him credit for -- >> is there a flexility that's a high mark of intelligence and leadership. at the same time it is interesting that the caucus itself seems to be...
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Oct 3, 2013
10/13
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MSNBC
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the debt ceiling for years has been used as a point of negotiation. in fact, the president voted against it, and spoke rather aggressively for voting against a debt ceiling increase. this is not an unusual situation. >> in 2007 if nancy pelosi and half the democrats refused to vote for a debt ceiling increase unless the war in iraq was drawn to a close, would that have been a responsible thing to do? >> that was not a hypothetical i was confronted with, chris, why don't you stick with history, history is the debt ceiling has always been used as a point of negotiation. by the way, chris, i never voted against the debt ceiling increase, i never voted against it whether it came with president clinton or bush or president obama. >> which strikes me as commendable and precisely the exact thing that everyone should do. particularly the majority party that knows the thing has to be passed, right? >> well, in the end it will be passed. it will be inexcusable were it not passed. but it is a point. our government is not functioning in regular order any longer a
the debt ceiling for years has been used as a point of negotiation. in fact, the president voted against it, and spoke rather aggressively for voting against a debt ceiling increase. this is not an unusual situation. >> in 2007 if nancy pelosi and half the democrats refused to vote for a debt ceiling increase unless the war in iraq was drawn to a close, would that have been a responsible thing to do? >> that was not a hypothetical i was confronted with, chris, why don't you stick...
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Oct 17, 2013
10/13
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ALJAZAM
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they looked at the government shutdown and in particular at the debt ceiling needed to be raised by today, and they came to a logical conclusion that whatever happened, has congress would finally do it and they did. >> the dow down 78 points. we are awaiting word from the white house concerning the debt deal that was reached last night ending the government shutdown. we are going to take a break right now to pay some of our bills. we'll be right back. >> i'm del walters coming to you live from new york. right now, we are awaiting word from president obama concerning the deal reached late last night while many of you were sleeping to avoid the debt ceiling debacle and also end the government shutdown into its 16th day. mike in washington did not like my analogy of the victory lap after the civil war, but the approval rating for both houses, both sides, including the white house were among the lowest and worst that anybody had ever seen. do they understand that across the country, people were really upset? >> they do, but it gets back to what we were talking about earlier. which constituenc
they looked at the government shutdown and in particular at the debt ceiling needed to be raised by today, and they came to a logical conclusion that whatever happened, has congress would finally do it and they did. >> the dow down 78 points. we are awaiting word from the white house concerning the debt deal that was reached last night ending the government shutdown. we are going to take a break right now to pay some of our bills. we'll be right back. >> i'm del walters coming to...
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now congress only has ten days to raise the nation's $16.7 trillion debt ceiling at which point the government would run out of cash to pay its bills. we're almost a full week into a partial government shutdown that greatly damaged hopes of cooperation out of washington. right this minute, we're releasing brand new cnn/orc poll numbers that show the shutdown is weighing heavily on americans. 18% say it's a crisis. 49% call it a major problem. compare that to poll numbers from a few days into the last government shutdown that stretched 21 days from late '95 to early '96, there on the right column there that you can see that americans already think this one is worse than the last one. there's plenty of animosity to go around over it. if you add the very angry and somewhat angry rows together, those are the top two, 63% say -- 63% say they're angry or very angry at republicans. 57% say they are angry or very angry at democrats. 53% say they're angry or very angry at the president. take a look further down in this chart. 31% say they're not angry at all at the president. 22% say they're not angry
now congress only has ten days to raise the nation's $16.7 trillion debt ceiling at which point the government would run out of cash to pay its bills. we're almost a full week into a partial government shutdown that greatly damaged hopes of cooperation out of washington. right this minute, we're releasing brand new cnn/orc poll numbers that show the shutdown is weighing heavily on americans. 18% say it's a crisis. 49% call it a major problem. compare that to poll numbers from a few days into...
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Oct 7, 2013
10/13
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debt ceiling breach are up to international investors. if they lose confidence in the u.s., taxpayers will pay much more to borrow money. an expense sif proposition when the go. is borrowing hundreds of billions of dollars a year. >>> stocks were down today. the dow lost 136. s&p 500 dropped 14. nasdaq fell 37. now to international news. a long time fugitive al qaeda leader is in u.s. custody. a kenyan operator for the al shabaab group evaded capture, but his fate is still uncertain tonight. those are the headlines from two special operations raids over the weekend in north africa. national security correspondent jennifer griffin has the latest. >> reporter: two gdaring operations in two african countries to capture, not kill, two alleged al qaeda operatives. in somalia, the navy s.e.a.l. team 6 came ashore, their target wanted for his role in training foreign al qaeda fighters and for orchestrating the attack on the kenyan mall. the s.e.a.l.ed has to pull back when a firefight erupted. the target remains at large. 3,000 miles away in lib
debt ceiling breach are up to international investors. if they lose confidence in the u.s., taxpayers will pay much more to borrow money. an expense sif proposition when the go. is borrowing hundreds of billions of dollars a year. >>> stocks were down today. the dow lost 136. s&p 500 dropped 14. nasdaq fell 37. now to international news. a long time fugitive al qaeda leader is in u.s. custody. a kenyan operator for the al shabaab group evaded capture, but his fate is still...
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Oct 6, 2013
10/13
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but attached to the debt ceiling increase, construction of the keystone pipeline, it's better to have locusts, plagues, crisis and war. it's an untenable position, but what makes the debt ceiling this recurring crisis so wholesome is it forces us to confront the gap on revenues and outlays and everything you need to know about what's wrong with contemporary washington was in your interview when the secretary said we won't prioritize. a hardware storen kankakee, illinois prioritizes between what to do with its first revenues that come in. we have ten times more revenues than required to service our debt. that canni inbe done, there is need to default, therefore the choice to default will be our choice. >> kirsten, one female official infamously said friday, quote, we are winning so we don't care how long this goes on. the president quickly took that back as he went to lunch impromptu at a sandwich shop, but do the democrats risk overplaying their hand if they continue to refuse to negotiate, or if they continue to refuse to pass these bills, measures to fund nih or head start? >> well,
but attached to the debt ceiling increase, construction of the keystone pipeline, it's better to have locusts, plagues, crisis and war. it's an untenable position, but what makes the debt ceiling this recurring crisis so wholesome is it forces us to confront the gap on revenues and outlays and everything you need to know about what's wrong with contemporary washington was in your interview when the secretary said we won't prioritize. a hardware storen kankakee, illinois prioritizes between what...
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Oct 15, 2013
10/13
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ALJAZAM
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as they indicated that they believed there would not be a debt ceiling surpassed those numbers began to drop to where we are right now. that effects you and your packet book. that is your 401k. once again the house speaker saying we may be beginning to see some light at the end of the tunnel. we'll be right back. [[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered? antonio mora brings you smart conversation that challenges the status quo with unexpected opinions and a fresh outlook. including yours. >>> as we mentioned before that republican news conference, the suspected leader of al-qaeda recently captured in libya is set to appear inside a new york city courtroom later today. a grand jury indicted him for the u.s. embassy bombings in kenya and tanzania. jonathan how big of a moment is this for federal prosecutors? >> reporter: dell, it's certainly a big catch for the justice department. he was on the most-wanted list for years. there was a $5 million boun
as they indicated that they believed there would not be a debt ceiling surpassed those numbers began to drop to where we are right now. that effects you and your packet book. that is your 401k. once again the house speaker saying we may be beginning to see some light at the end of the tunnel. we'll be right back. [[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered?...
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neil: one thing to point out the debt crisis or god forbid default, all bets are off then? >> there is a reality something called, headline sickness. you know, the debt ceiling talks and risk involved. that will affect americans, right now just, i'm angry at washington. that is what the average american is feeling but if this drags oapproach a debt ceiling or lack of to us pay our bills, we then have a problem for now stick to the facts that should be avoiding. shut dn the hopefully be resolved soon. neil: thank you very much. looks like house is in session, they are yammering about something, does not matter, they something, does not matter, they would yammer any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on t
neil: one thing to point out the debt crisis or god forbid default, all bets are off then? >> there is a reality something called, headline sickness. you know, the debt ceiling talks and risk involved. that will affect americans, right now just, i'm angry at washington. that is what the average american is feeling but if this drags oapproach a debt ceiling or lack of to us pay our bills, we then have a problem for now stick to the facts that should be avoiding. shut dn the hopefully be...
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neil: one thing to point out the debt crisis or god forbid default, all bets are off then? >> there is a reality something called, headline sickness. you know, the debt ceiling talks and risk involved. that will affect americans, right now just, i'm angry at washington. that is what the average american is feeling but if this drags oapproach a debt ceiling or lack of to us pay our bills, we then have a problem for now stick to the facts that should be avoiding. shut down the hopefully be resolved soon. neil: thank you very much. looks like house is in session, they are yammering about something, does not matter, they would yammer anyway. for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture mile
neil: one thing to point out the debt crisis or god forbid default, all bets are off then? >> there is a reality something called, headline sickness. you know, the debt ceiling talks and risk involved. that will affect americans, right now just, i'm angry at washington. that is what the average american is feeling but if this drags oapproach a debt ceiling or lack of to us pay our bills, we then have a problem for now stick to the facts that should be avoiding. shut down the hopefully be...
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Oct 7, 2013
10/13
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MSNBC
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the government shutdown is one piece, the debt ceiling seems to be another. as joy pointed out in the last segment there's now equivocation in republican circles, maybe not that bad, debt ceiling breach is not as bad as default, we have different ideas and opinions around this. that would zoom to suggest certain members of the right wing are ready to default. i guess the question is bloomberg makes a point, chris writes if x day comes and there's no deals democrats will have to choose between that and even worse outcome of economic mess. he basically argues they will have to relent. >> when speaker boehner said we're not going to let the country default, clearly what he meant was we're not going to let the country default. if we default, we'll blame the other side. i'm less confident we're not willing to go over the cliff on this. it's been an amazing week and next week more amazing, getting a national object lesson in child psychology. last week about how you deal with your children when they are having a tantrum in public. actually president obama is doing
the government shutdown is one piece, the debt ceiling seems to be another. as joy pointed out in the last segment there's now equivocation in republican circles, maybe not that bad, debt ceiling breach is not as bad as default, we have different ideas and opinions around this. that would zoom to suggest certain members of the right wing are ready to default. i guess the question is bloomberg makes a point, chris writes if x day comes and there's no deals democrats will have to choose between...
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Sep 18, 2013
09/13
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of the first term, which is right after the debt ceiling crisis and we're going to go into another one now. they poll d at that point and tried to figure out what was this very fine track they had to take in talking about the economy. they weren't really running against mitt romney. he was a long way down the track of challenges they had. how could they talk about an economy. could they talk about the president's accomplishments and say it's morning in america or just about morning in america. they put a lot of effort into saying, you know, what's the language we can use? how can we roll out this plan? how can we make our ad dollars go further? obviously there were parts of the campaign that were completely ground breaking. the tech site in terms of digital media and fund raising through e-mail, one of the challenges they had was also each over. it's an extraordinary think they overcame not just this incredibly challenging economy but the internal strive that was indemic in the campaign that wasn't four years ago. >> there's a lot of detail on that and the book is well written and cove
of the first term, which is right after the debt ceiling crisis and we're going to go into another one now. they poll d at that point and tried to figure out what was this very fine track they had to take in talking about the economy. they weren't really running against mitt romney. he was a long way down the track of challenges they had. how could they talk about an economy. could they talk about the president's accomplishments and say it's morning in america or just about morning in america....
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at some point it will happen, default. how should the republicans handle the debt ceiling? do you want some faction of the president's health plan to be attached to that in exchange for lifting the debt ceiling? or because it's so important, should republicans say we need to lift the debt ceiling? >> in my view, the debt ceiling, we should look for three things. number one, we should look for some significant structural plan and reduce government spending. number two, we should avoid new taxes. look for ways to mitigate the harms. since 1978, the debt xreelg has been raised 55 times. >> so you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling? >> the debt ceiling historically has been among the best leverage that congress has to reign in the executives. >> yes. >> and what else? >> my point is that there's great historical precedence. since 1978, we raised the debt ceiling 58 times. 20 times congress attached very specific and stringent requirements, many of the most significant spending restraints. so the presid
at some point it will happen, default. how should the republicans handle the debt ceiling? do you want some faction of the president's health plan to be attached to that in exchange for lifting the debt ceiling? or because it's so important, should republicans say we need to lift the debt ceiling? >> in my view, the debt ceiling, we should look for three things. number one, we should look for some significant structural plan and reduce government spending. number two, we should avoid new...
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Oct 10, 2013
10/13
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CNN
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if the shut down persists, at this point it looks this is about raising the debt ceiling and talking about, you know, some kind of budget deal or continuing resolution, it's not about ending the shutdown quite yet. you'll have more people, federal workers start to file for unemployment benefits, more of a kind of a, i would say, pullback in economic growth. i'm not calling for a recession because of the shutdown but you will see economic growth slow as people are spending less money, hundreds of thousands of federal workers spending lo inin less me contractors who rely on the money, you'll see more lay-offs. the shutdown is hurt, let's not say this is unicorns and rainbows, this is not. this is kicking the can and that's worth a couple of hundred point on the dow. >> thanks so much. interesting europe, too, not just the u.s., europe stocks up a couple of percentage points on the major bourses there. i like the way you put it it's interesting, bar is so low, this is like hey. >> we'll see how the white house responds to all of this, a white house briefing. momentarily we'll bring it l
if the shut down persists, at this point it looks this is about raising the debt ceiling and talking about, you know, some kind of budget deal or continuing resolution, it's not about ending the shutdown quite yet. you'll have more people, federal workers start to file for unemployment benefits, more of a kind of a, i would say, pullback in economic growth. i'm not calling for a recession because of the shutdown but you will see economic growth slow as people are spending less money, hundreds...
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Oct 6, 2013
10/13
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FOXNEWSW
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but attached to the debt ceiling increase, construction of the keystone pipeline, it's better to have locusts, plagues, crisis and war. and an untenable position. but what makes the debt ceiling this recurring crisis so wholesome is it forces us to move in front the gap between revenues and outlays, and everything you need to know about what's wrong with contemporary washington was in your interview when the secretary said we won't prioritize. a hardware star in kankakee, illinois, prioritizes between what to do with its first revenues that come in. we have ten times more revenues than required to service our debt. that can be done. there's no neat to default. therefore, the administration's position on default will be our choice. >> kirsten, one senior administration official infam s infamously said to "the wall street journal" on friday, quote, we're winning so we don't care how long this goes on. the president quickly took that back, as he was going out for lunch, impromptu at a sandwich shop near the white house. but do democrats run the risk of overplaying their hand if they cont
but attached to the debt ceiling increase, construction of the keystone pipeline, it's better to have locusts, plagues, crisis and war. and an untenable position. but what makes the debt ceiling this recurring crisis so wholesome is it forces us to move in front the gap between revenues and outlays, and everything you need to know about what's wrong with contemporary washington was in your interview when the secretary said we won't prioritize. a hardware star in kankakee, illinois, prioritizes...
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Oct 8, 2013
10/13
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FOXNEWSW
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he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension. boehner has said i won't give in on this and give him a clean extension. so it won't be a clean extension of the debt ceiling. it will be i'll give you three weeks, but you got to give me a committee. he told how he wants it it structured. 20 members, i'll give you the agenda, it it will be attached. so it will be a conditional extension. i think the president gets away and he finesses it. we know what happened the last time around. they had a supercommittee that didn't succeed. that's the way you avoid the disaster from the president's perspective. boehner has said all i want is negotiation. he would get it. >> the reason they are not even calling this a supercommittee, this proposal, is because the super committee, by all accounts, didn't work out too well. and that name really doesn't hold a lot of great thoughts for both sides of the aisle. what about this? could speaker boehner get something like this through? >> i think that john boehner is
he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension. boehner has said i won't give in on this and give him a clean extension. so it won't be a clean extension of the debt ceiling. it will be i'll give you three weeks, but you got to give me a committee. he told how he wants it it structured. 20 members, i'll give you the agenda, it it will be attached. so it will be a conditional extension. i think the president...
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Oct 16, 2013
10/13
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february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves and cut that almost to the quick. if they're ever actually going to get a handle on all this spending it, has to come what they call the mandatory spending pie entitlements. that's toxic to touch. hey are you touching my medicare. >> but it is a three month kick the can down the road. chad pergram, thank you very much. >>> stocks surging right from the get-go as word of this senate deal got out. the dow finishing up triple digits to fox business network sandra smith and what is shaping up to be, dare i say it, hog heaven for traders, sandra? >> indeed hog heav
february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves...
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Oct 10, 2013
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the government shutdown is actually hitting the debt ceiling. i hate to use such dramatic terms, but it could be rather collaborative. both sides recognize the understanding down in d.c. we are not going to allow that to happen. but that is a worst-case scenario. all respects to those who have been furloughed, it is not where the real economic damage comes from, it is the debt ceiling. dennis: are the mark is almost over the upside? and merely an extension of the six weeks in the debt ceiling. >> the debt ceiling is the big one. the government shutdown is the problem, but one that is manageable. they have been told they will get paid even though they are not working. the impact of the economy is just lost productivity, not lost income. the second we have the fed chair janet yellen as nominee. she tends to be more dovish than the alternative. good for stocks, good for growth, not so good for bonds. very oversold, lost 5.5% or something like that. people are leaning towards being more invested. i think it will be volatile. we are telling all of ou
the government shutdown is actually hitting the debt ceiling. i hate to use such dramatic terms, but it could be rather collaborative. both sides recognize the understanding down in d.c. we are not going to allow that to happen. but that is a worst-case scenario. all respects to those who have been furloughed, it is not where the real economic damage comes from, it is the debt ceiling. dennis: are the mark is almost over the upside? and merely an extension of the six weeks in the debt ceiling....
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they just want to make sure it's clear to this point it's up to congress to raise the debt ceiling and for how long. perhaps conciliatory language, perhaps it could lead to something. we'll have to wait and see. >> jim acosta, thank you for following this. it will be interesting to see how speaker boehner's response to this. they want tax reform. they want entitlement reform. they want something out of this. >> in return. is this a door opening? who knows. yes, can-kicking. >> you heard the numbers, 500,000 government workers still furloughed. in a minute, we're going to meet one of those workers and hear what she has to do just to make ends meet before the paycheck is gone. ell you i am on the... [ both ] chicken pot pie diet! me too! [ male announcer ] so indulgent, you'll never believe they're light. 100-calorie progresso light soups. ♪ hooking up the country whelping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your
they just want to make sure it's clear to this point it's up to congress to raise the debt ceiling and for how long. perhaps conciliatory language, perhaps it could lead to something. we'll have to wait and see. >> jim acosta, thank you for following this. it will be interesting to see how speaker boehner's response to this. they want tax reform. they want entitlement reform. they want something out of this. >> in return. is this a door opening? who knows. yes, can-kicking. >>...
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Oct 8, 2013
10/13
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at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be able to roll that over and get anybody to lend money to us any more. >> that brings us to the point of the chinese vice foreign minister fro and from japan, wht would the international ramifications of a default be? what would they be? >> for example, the value of the dollar would tumble. that would have huge impacts on everybody globally. the u.s. currency is still the global currency. this would effect everybodi' economy. but locally here in the u.s. it would definitely have an impact on advise as well. we'll see households not being able to pay their credit card bills because their interest rates would rise. their credit
at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be...
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Oct 8, 2013
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the debt ceiling than the american public. a poll out today finds that 6 in 10 voters want to see spending cuts attached to the debt ceiling hike. they don't want to see it coming after. they want these things put together. it's the same 6 in 10 that was found going into the government shutdown. >> david, what do you think? >> well, look, i think that we have to look at the broad strokes here about what's actually happening. there's been a lot of talk about who's going to win, who's going to lose, and i think what's been lost in this is that the republicans have actually -- and conservatives have actually won a lot of this. remember, we're talking right now about spending levels. essentially it's sequestration levels. that's what we're arguing about. we all remember a couple months ago when having a sequester at all was considered really, really controversial. additionally, what's on autopilot in the government shutdown, what is actually not shut down, are parts of the military industrial complex, parts of the national securit
the debt ceiling than the american public. a poll out today finds that 6 in 10 voters want to see spending cuts attached to the debt ceiling hike. they don't want to see it coming after. they want these things put together. it's the same 6 in 10 that was found going into the government shutdown. >> david, what do you think? >> well, look, i think that we have to look at the broad strokes here about what's actually happening. there's been a lot of talk about who's going to win, who's...
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Oct 10, 2013
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a clean extension of the debt ceiling for six weeks. it's not just privilege from conservative independent retail federation, business folks were saying to republicans over the last 24 hours, this could have a massive impact on the economy. don't do this. that added to the pressure as well. the context from the white house standpoint is, jay carney was stressing at the top of the briefing, after days of calling republicans arsonists and terrorists, he used some of that language today but at the top said cooler heads are prevailing. that seemed like an effort to calm in the market and shut maybe the president is in the mood for a deal. his condition is -- you heard the sound bite from speaker boehner saying we're meeting the president halfway by dealing with the debt ceiling. the other half is reopening the government, and jay carny wend around. the big sticking opinion, can john boehner pass this with republicans and the other big one will the president go along if it's just lifting the debt ceiling. jay carnie finally said, yes, the pr
a clean extension of the debt ceiling for six weeks. it's not just privilege from conservative independent retail federation, business folks were saying to republicans over the last 24 hours, this could have a massive impact on the economy. don't do this. that added to the pressure as well. the context from the white house standpoint is, jay carney was stressing at the top of the briefing, after days of calling republicans arsonists and terrorists, he used some of that language today but at the...
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Oct 10, 2013
10/13
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wall street taking the news pretty well that a possible debt ceiling deal is on the horizon. stocks soaring. the dow jumping more than 200 points. so we begin our coverage today with kristen welker at the white house. kristen, as i pointed out, even if there's this extension here, we could be back in this same place around new year's, before the holidays here. why, then, would the president be happy or encouraged by this news? >> well, it is a step in the right direction because these two sides were completely deadlocked when they woke up this morning. and of course, defaulting on our nation's debts, according to this administration and of course economists as well, would be a far larger economic catastrophe than shutting down the government, which by all accounts has already had an impact on the economy. i think that's the way the white house is looking at it. but tamron, it's not clear how senate democrats are going to respond to this. white house press secretary jay carney, as you indicated, has said, look, the president will sign off on a short-term deal as long as there
wall street taking the news pretty well that a possible debt ceiling deal is on the horizon. stocks soaring. the dow jumping more than 200 points. so we begin our coverage today with kristen welker at the white house. kristen, as i pointed out, even if there's this extension here, we could be back in this same place around new year's, before the holidays here. why, then, would the president be happy or encouraged by this news? >> well, it is a step in the right direction because these two...